Global IoT Market

The Internet of Things (IoT) is accelerating at an incredible pace, and IoT market growth will be a dominant force across the spectrum of technology-related industries. A primary driver behind the strength of the Global IoT Market growth is the vast number of connections being established between multiple combinations of people, devices, services and information.

According to reliable sources, the IoT market will capture an even bigger slice of the market in the coming future.

This vast market can be broken down to modules/sensors, connectivity, services and others with two-thirds of the market share driven by the first three market segment. Among them, connectivity will come in second following modules/sensors.